B. Riley raised the firm’s price target on Enovix (ENVX) to $17 from $12 and keeps a Buy rating on the shares. The firm cites the company’s “flurry of recent positive updates” for the target increase. Enovix announced preliminary Q2 results that beat expectations, launched a silicon-anode smartphone battery platform, and declared a shareholder warrant dividend that could raise up to $253.8M, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ENVX:
- 3 Best Stocks to Buy Now, 7/9/2025, According to Top Analysts
- Enovix Positioned as Market Leader with Strong Financial Performance and Innovative AI-1 Battery Launch
- Unusually active option classes on open July 8th
- Enovix price target raised to $15 from $12 at Craig-Hallum
- Enovix’s Promising Future: Buy Rating Backed by Innovation and Strong Financial Performance